Seasonality
NASDAQ | Approaching to 200EMANASDAQ after testing 12900 resistance zone is heading back to retest its breakout level of 12150 where 200EMA also resides. Bulls need to show respect and strong reaction on this level to continue its upward journey.
Failure to sustain will call for more bearish spell
#Nasdaq #Tradingview
EW longterm analysis of coffee an shortterm outlookMost commodities are highly cyclical and don't develop in the usual 5-wave-patterns. In the long run commodity-chars look more like a series of succeeding 3-wave moves.Therefore a longterm EW analysis is difficult in a way makes no sense.
Nevertheless I devoloped a longerm chart for coffee and a shorter term analysis with a seasonal chart as indicator. In the mid and longterm I expect coffee to work lower. The short term is a bit unclear.
What I marked in the hourly chart as wave 4 doesn't look finished and also looks quite steep. On the other hand seasonality calls for a low around february 24. So we might see some fast moves in the following week.
Unfortunately the latest CoT data is not available. The last available report showed a strong build up of long positions by the commercials. This build up preceded the sharp move up from january 24.When analysing commodities it is important to watch the CoT-report. Before entering a trade I would await the latest reports.
Link to the longterm charts.
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images2.imgbox.com
GBPCAD potential LongGBPCAD is forming Quasimodo pattern with positive divergence, wait for the perfect entry with proper risk and money management, control your emotions during trading and have patience remember trading is 10% buy and sell and 90% is waiting.
please comment your opinions and analysis so that we can learn from each other
Sun Uranus Planetary Aspects - Price TargetsAll the major Sun/Uranus aspects on the SPY going back to 2021 to map out future price targets. They major astrological aspects are:
(1) Sun/Uranus conjunction (0/360 degrees)
(2) Sun/Uranus semi-sextile (30 degrees)
(3) Sun/Uranus sextile (60 degrees)
(4) Sun/Uranus square (90 degrees)
(5) Sun/Uranus Trine (120 degrees)
(6) Sun/Uranus quincunx (150 degrees)
(7) Sun/Uranus Opposition (180 degrees)
I've also marked and color coded, on the chart, the future dates that each aspect will be occur.
It appears that SPY is making a bowl and will potentially return to the 12/31/21 highs in order to make a double top. Price target $468 by 9/2023.
GOLD COT PERSPECTIVE- Gold strength in synch with Dollar-weakness
- 2022 distribution-pattern seems completed
- M (double top) follwed by 3 impulses lower done
- Q4-22 started with W-pattern follwed by first impulse up
- Rotation higher is in line with seasonal expectations (strength in NOV/DEC/JAN/FEB)
- COT: Institutions are accumulating longs while distributiing shorts, this is double bullish
- COT: Buy-side liquidity resting above 1880
- Weekly (fresh) supply-zone at 1943, direct below it is a Daily imbalance
BTC - Omega Bull next 2-3 yearsBTC
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